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A firm has current assets at yearend consisting of: Cash $12,000, Marketable securities 5,000, Accounts receivable 22,000, Inventory (work-in-process) 8,000, Calculate the firms year-end current

A firm has current assets at yearend consisting of: Cash $12,000, Marketable securities 5,000, Accounts receivable 22,000, Inventory (work-in-process) 8,000, Calculate the firms year-end current ratio and quick ratio if its current liabilities equal $25,000

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